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Term Essential Quotes - Riders

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Waiver of Premium Benefit

If the insured becomes disabled, as defined in the benefit, prior to the policy anniversary on or after the insured's 60th birthday, premiums will be waived as long as the insured continues to qualify as disabled. There will be no waiver if the insured becomes disabled on or after the insured's 60th birthday. However in California, if the insured becomes disabled after age 60, but before 65, premiums will be waived to age 65. Premiums for this benefit are payable until the rider terminates.

Rider Form Number: TB 100-2000. TB 100-2000 (ED 2014) in CA.

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Accidental Death Benefit

This rider will pay your beneficiary an additional death benefit equal to the face amount of the policy up to a maximum of $500,000 if the insured's death is accidental as defined in the rider. This coverage is effective to, but not beyond, the policy anniversary on or after the insured's 70th birthday at which time the premium for this benefit ceases.

This rider is not available in Massachusetts.

Rider Form Number: TB 113-2000.

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Living Needs BenefitSM1 (Accelerated Death Benefit)

The Living Needs BenefitSM (Accelerated Death Benefit) is available under this Policy at no additional premium to the policyowner. Under the benefit, the policyowner may receive a portion of the death benefit prior to the insured's death if the insured:

  • has been confined to a nursing home for at least six consecutive months, and is expected to be permanently confined, (This option is not available in California, Connecticut, DC, Florida, Massachusetts, or New York) or
  • is terminally ill, and has a life expectancy of six months (12 months in California) or less, or
  • requires an organ transplant, and would have only six months or less to live without the transplant procedure (only available in New York).

Living Needs BenefitSM (Accelerated Death Benefit) amounts are calculated based on the actual policy death benefit and the Living Needs BenefitSM (Accelerated Death Benefit) assumptions in effect when a claim is made. New policies must meet certain face amount requirements before the Living Needs BenefitSM (Accelerated Death Benefit) may be added to the contract. Benefits are subject to the terms and conditions of the rider. State variations apply. The rider may not be available in all states.

When a claim is paid under this benefit, the death benefit is reduced for early payment, and a $150 (up to $100 in Florida) processing fee is deducted. If more than one policy is used for the claim, each policy will have a processing fee of up to $150 (up to $100 in Florida).

We reserve the right to set a minimum on the amount of the death benefit you may exercise under this rider.

The Living Needs BenefitSM (Accelerated Death Benefit) is not health, nursing home or long-term care insurance and is not designed to eliminate the need for insurance of these types.

Portions of the Living Needs BenefitSM (Accelerated Death Benefit) payment may be taxable, and receipt of the accelerated death benefit may affect eligibility for public assistance programs. The federal income tax treatment of payment made under this rider may depend upon whether the insured is considered "terminally ill" or "chronically ill" and, if the policy is business related, whether the insured is receiving the benefits. We suggest that you seek assistance from a personal tax advisor regarding the implications of receiving Living Needs BenefitSM (Accelerated Death Benefit) payments.

The generic form number is ORD 87241 with date and state variations.

This rider is not available in Minnesota to new purchases over age 65 until the policy has been in force for one year.  This rider is not available in Washington state.

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Children's Protection Rider

The Children's Protection Rider provides level term insurance on the life of each covered child. The rider can be converted on or after the policy anniversary following the child's 18th, 22nd or 25th birthday as long as the rider is still in effect. This rider can also be converted to a permanent policy when its coverage expires.

The coverage for each child under the rider is effective until the earliest of:

  • The first policy anniversary on or after the insured's 75th birthday, or
  • The 90th day following the insured parent's death
  • The first anniversary on or after each child reaches age 25

Premiums for this rider are payable until it terminates.

Rider Form Number: TB 182-2000 & TB 184-2000.

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Footnote

  • 1 Oregon, the policy must have a Wavier of Premium Benefit to add the Living Needs BenefitSM.

Term Essential® is issued by Pruco Life Insurance Company in all states except in New York, where they are issued by Pruco Life Insurance Company of New Jersey. Both companies are Prudential Financial companies and are located at 213 Washington Street, Newark, NJ 07102. Each is solely responsible for its own financial condition and contractual obligations. The policy form number is PLTIC-2016 or ICC16 PLTIC-2016. Policies contain exclusions, limitations, reductions in benefits, and terms for keeping them in force. A financial professional can provide you with costs and complete details. All guarantees are based on the claims-paying ability of the issuing insurance company.

 

For Compliance Use Only

1004844 Ed. 08/2018 1004844-00001-00